COVID-19, General, Guest Bloggers

Get All Your Federal Benefit Payments in One Account Using Direct Payment

September 3, 2020 • By

Reading Time: 2 Minutes

Last Updated: November 2, 2023

Direct deposit is the safest and most convenient way to receive your benefit payment. In 2013, the Department of the Treasury issued a mandate to move away from checks as a method to deliver federal benefit payments. Since then, almost 99 percent of our Social Security beneficiaries have their payments deposited directly into their bank accounts. We need to increase this number to 100 percent.

Some beneficiaries have not enrolled.  Others receive more than one federal payment, but don’t get all their benefits via direct deposit. In these times, with the COVID-19 pandemic, it is more important than ever to know that your payments are there when you expect them. If you receive more than one federal benefit, but don’t have all your payments directly deposited, you may want to consider enrolling. Here are some reasons why:

  • It is safer to use and less costly.
  • Your benefit payment will be on time, every time, and ready to use.
  • You’ll be free of the hassles or delays with paper checks.
  • You won’t need to leave the comfort of your home to cash a check again.
  • It’s easy to enroll, change, or update your direct deposit information.

You can sign up for direct deposit with Social Security from your preferred location using your personal my Social Security account. If you don’t have a personal account, you can create one today. Once you create your account, you can add your bank information to start your direct deposit. You can make changes to your information any time through your personal account.

Another way to start or change your direct deposit is by calling us toll free at 1-800-772-1213 (TTY 1-800-325-0778).

We want to put you in control of your benefits while providing the best experience and service, no matter where, when, or how you decide to do business with us.

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About the Author

Joanne Gasparini, Associate Commissioner of the Office of Financial Policy and Operations

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Comments

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  5. Ashley A.

    Thankyou so much Really You have given Valuable information

  6. Patricia P.

    I’m not sure if there are other benefits I might qualify for. I am 89 years old and have only my social security for income. I found that because I paid for my own prescriptions in previous years, I am being punished by having to pay $54 out of my Social Security check because I signed up for Part D this year. I submmitted my Disenrollment of Part D papers in July and have not heard a word from them. I really need that $54,00 a month.

    • V.V.

      Hi Patricia. You may want to apply for Extra Help with Medicare prescription drug plan costs. The Extra Help is estimated to be worth about $5,000 per year. To qualify for the Extra Help, a person must be receiving Medicare, have limited resources and income, and reside in one of the 50 States or the District of Columbia. In addition to the Extra Help, you may be able to get help from your State with other Medicare costs under the Medicare Savings Programs. By completing the Extra Help application, you will start your application process for a Medicare Savings Program. We will send information to your State who will contact you to help you apply for a Medicare Savings Program unless you tell us not to when you complete the application.

      If you need information about Medicare Savings Programs, Medicare Prescription Drug plans or how to enroll in a plan, call 1-800-MEDICARE (TTY 1-877-486-2048) or visit http://www.medicare.gov. You also can request information about how to contact your State Health Insurance Counseling and Assistance Program (SHIP). The SHIP offers help with your Medicare questions. We hope this helps.

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  10. Sergio M.

    Me gusta la información que he leído. Leí del idioma inglés al castellano y es una buena noticia. Thank you so much .

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